Tokio Marine Asset Management Co. Ltd. Acquires Shares of 9,551 DoorDash, Inc. (NASDAQ:DASH)

Tokio Marine Asset Management Co. Ltd. bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,551 shares of the company's stock, valued at approximately $1,363,000.

A number of other institutional investors also recently made changes to their positions in the business. Metis Global Partners LLC lifted its position in shares of DoorDash by 14.2% during the third quarter. Metis Global Partners LLC now owns 3,895 shares of the company's stock worth $556,000 after purchasing an additional 485 shares during the last quarter. KBC Group NV lifted its holdings in DoorDash by 21.0% during the 3rd quarter. KBC Group NV now owns 41,038 shares of the company's stock worth $5,858,000 after buying an additional 7,133 shares during the last quarter. Mizuho Securities Co. Ltd. grew its position in shares of DoorDash by 159.4% in the 3rd quarter. Mizuho Securities Co. Ltd. now owns 4,020 shares of the company's stock worth $574,000 after acquiring an additional 2,470 shares in the last quarter. ICICI Prudential Asset Management Co Ltd increased its holdings in shares of DoorDash by 19.8% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 5,021 shares of the company's stock valued at $717,000 after acquiring an additional 829 shares during the last quarter. Finally, Empower Advisory Group LLC lifted its stake in DoorDash by 25.3% during the third quarter. Empower Advisory Group LLC now owns 57,486 shares of the company's stock worth $8,205,000 after purchasing an additional 11,616 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Price Performance

Shares of DASH stock traded down $4.37 during trading on Friday, reaching $169.43. The company had a trading volume of 3,602,035 shares, compared to its average volume of 3,813,918. The company has a market capitalization of $70.38 billion, a PE ratio of -376.51, a PEG ratio of 14.79 and a beta of 1.67. The firm's 50 day simple moving average is $149.01 and its two-hundred day simple moving average is $127.00. DoorDash, Inc. has a one year low of $92.56 and a one year high of $178.16.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business's revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) EPS. Analysts forecast that DoorDash, Inc. will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DASH. Piper Sandler upped their price objective on DoorDash from $125.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Loop Capital raised their price target on shares of DoorDash from $170.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday. Jefferies Financial Group lifted their price target on DoorDash from $155.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Truist Financial raised their target price on DoorDash from $170.00 to $180.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Raymond James assumed coverage on DoorDash in a research note on Tuesday, September 24th. They issued an "outperform" rating and a $155.00 price target for the company. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.03.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 7,000 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the sale, the chief financial officer now directly owns 396,152 shares in the company, valued at approximately $50,651,994.72. This represents a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Prabir Adarkar sold 32,124 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the completion of the sale, the chief operating officer now owns 963,094 shares in the company, valued at $142,528,281.06. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is owned by corporate insiders.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.